secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001529628-24-000157
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q2 2024 revenue $73.8M; adjusted EBITDA $11.9M, free cash flow positive $13.5M
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- Tons sold 1.27M, up 18% YoY but down 5% sequentially; revenue $73.8M vs $83.1M in Q1 2024.
- Adjusted EBITDA $11.9M, improvement from $9.3M in Q1; contribution margin $15.53/ton, up from $13.85.
- Free cash flow positive $13.5M; full-year 2024 capex guidance $10-13M.
- New $10M, 4-year equipment financing closed; cash $6.3M plus $18M undrawn ABL.
- Expects to start marketing sand in Utica shale in Q3 via new Ohio terminals, targeting oil opportunities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000157/0001529628-24-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000157/snd-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001529628-24-000157

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer